Tag: Manufacturing
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Hyundai to Invest KRW 125.2T in Korea Through 2030
Hyundai Unveils Record Domestic Investment Plan Hyundai Motor Group has announced a landmark commitment to invest KRW 125.2 trillion in South Korea from 2026 through 2030. The plan, described by executives as the largest-ever domestic investment push, signals a sweeping strategy to bolster local production, accelerate electric vehicle technology, and strengthen the country’s position in…
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Hyundai Motor Group to Invest KRW 125.2 Trillion in Korea by 2030: A New Era for Domestic Growth
Hyundai Motor Group Announces Record Domestic Investment Hyundai Motor Group has unveiled what it calls its largest-ever domestic investment commitment, pledging KRW 125.2 trillion to South Korea over the five years from 2026 through 2030. The plan signals a bold strategic push to strengthen the country’s manufacturing base, accelerate the shift toward electrified mobility, and…
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Trump Dines with Top CEOs: Praising a Booming Economy While Tackling Tariffs
White House Dinner Highlights: A Booming Economy Under the Spotlight Last week, the White House hosted a gathering of some of the nation’s most influential chief executives. The dinner, a rare blend of policy talk and industry camaraderie, centered on the state of the U.S. economy and the administration’s strategy for sustaining growth. President Trump…
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Lessons from Beta Glass CEO Alex Gendis: A Global Leader’s Perspective
Introduction: A Global Executive with a Local Heart Alex Gendis, the Chief Executive Officer of Beta Glass, sits at the crossroads of manufacturing excellence and global leadership. In a candid conversation with Oghenovo Egodo-Michael, he reflects on a career spanning more than two decades, crossing continents, cultures, and industries. The interview offers practical lessons for…
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Textile Supply Chain Relief: Govt Drops 14 QCOs on Intermediate Goods as Industry Hopes for More Rollbacks
Overview: A Targeted Easing of Intermediaries The government has announced the rollback of 14 quantitative control orders (QCOs) on intermediate goods used in the textile value chain. This move follows an internal assessment that the existing mandate—enforcing standards on intermediaries and raw materials rather than only on finished goods—was creating unnecessary operational complexities for manufacturers.…
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Diageo to Invest €257m to Double Capacity at New Kildare Beer Brewery
Diageo unveils €257 million plan to expand Kildare brewery Global drinks giant Diageo has revealed a major investment plan aimed at doubling capacity at its new brewery site in County Kildare. The proposed investment, valued at over €257 million, signals a strong commitment to expanding beer production in Ireland and strengthening the company’s footprint in…
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Toyota Opens US EV Battery Plant: A Landmark North Carolina Facility
Overview: A Milestone for Toyota and the US EV Push Toyota has officially begun production at its first electric vehicle (EV) battery plant in the United States, marking a significant expansion of its global battery strategy. The $13.9 billion facility in North Carolina represents the company’s first battery plant outside Japan and signals a deepening…
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Tanzania’s CCM Reaffirms Commitment to Nearby Development: Health, Education, Water and More
Overview: CCM Reiterates a Sweeping Development Agenda Dodoma, Tanzania — The ruling CCM party has reaffirmed its pledge to implement a broad slate of development projects spanning health, education, water, agriculture, livestock, mining, manufacturing, transport, and energy. The party’s emphasis on these sectors underscores its aim to accelerate growth, improve living standards, and bolster Tanzania’s…
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Honda’s Wind Farm Initiative in Brazil: Powering Auto Manufacturing with Renewables
Honda’s Renewables Ambition: A Global Move Toward Zero-Impact Production Honda has long pursued sustainability across its vehicle lifecycle. As part of a broader strategy to realize a circular society with zero environmental impact by 2050, the company is turning to renewable energy as a core enabler of its manufacturing footprint. The latest milestone comes from…
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Private Investment Halves in 6 Years: Pakistan’s Manufacturing Slowdown Signals Structural Challenge
Introduction: A Turning Point for Pakistan’s Manufacturing Sector Pakistan’s manufacturing sector, long hailed as a driver of growth, employment, and export potential, is confronting one of its most significant slowdowns in modern memory. Private investment in manufacturing has roughly halved over the past six years, a collapse that experts say could reshape the country’s economic…